Brandywine Global Investment Management LLC Sells 10,009 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Brandywine Global Investment Management LLC lessened its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 4.3% during the 4th quarter, Holdings Channel reports. The firm owned 220,637 shares of the company’s stock after selling 10,009 shares during the period. Brandywine Global Investment Management LLC’s holdings in Perdoceo Education were worth $5,840,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PRDO. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Perdoceo Education during the fourth quarter worth $219,000. JPMorgan Chase & Co. grew its position in shares of Perdoceo Education by 27.5% during the 4th quarter. JPMorgan Chase & Co. now owns 742,342 shares of the company’s stock worth $19,650,000 after buying an additional 160,162 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Perdoceo Education during the 4th quarter worth about $215,000. Prudential Financial Inc. increased its stake in shares of Perdoceo Education by 22.4% in the 4th quarter. Prudential Financial Inc. now owns 119,735 shares of the company’s stock valued at $3,169,000 after acquiring an additional 21,890 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Perdoceo Education in the 4th quarter valued at approximately $1,519,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Price Performance

NASDAQ PRDO opened at $26.12 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.75 and a beta of 1.04. The business has a 50 day simple moving average of $26.60 and a 200 day simple moving average of $25.35. Perdoceo Education Co. has a 52-week low of $16.56 and a 52-week high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The company had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were issued a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.99%. Perdoceo Education’s dividend payout ratio (DPR) is 23.64%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PRDO shares. Barrington Research upped their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

Insider Transactions at Perdoceo Education

In other news, CFO Ashish R. Ghia sold 6,236 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the completion of the transaction, the chief financial officer now directly owns 252,130 shares in the company, valued at $6,303,250. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Robert Kline sold 12,148 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the transaction, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,363,144.95. The trade was a 8.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,634 shares of company stock valued at $2,494,318 over the last three months. Company insiders own 1.81% of the company’s stock.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.